Does The New York Times joining Snapchat Discover lend an air of respectability to a new platform, and breathe new life into an aging publisher? That's obviously what the partners are planning -- butonly time will tell.

FanDuel and DraftKings on Thursday abandoned their merger — a day before they were scheduled to defend the deal in front of an administrative judge. The Federal Trade Commission on June 19 sued to block the deal, and initially the fantasy sports sites had planned to challenge the FTC in court, a source with direct...